the election in the united states, whether you are a supporter of the president or mitt romney, it really doesn't matter. we're going to have somebody is going to be running this country on the first wednesday of november. ashley: you say you've never seen a time when investors are so cranky. what do you mean by that? >> well, think of this, ashley. the markets are up mid teens for the year. this is like a party that nobody was invited to when you think about it. that's because the general mix are really not overly invested in the market. they've gone much more defensive. we see that in the weekly flows into bond mutual funds out of equity funds. and the numbers are staggering. since 2007 the cumulative totals exceed a trillion dollars into bond funds, yet the net outflow is out of domestic equity funds are approaching almost $600 million -- $600 billion, excuse me. ashley: but they're cranky, but they're also fearful, aren't they, of this fiscal cliff and a government overspending which many see as a huge, huge worry. wouldn't you agree? >> right. and the likelihood of our prolific frien